Verisk Analytics Inc., parent company of Interthinx, has acquired Strategic Analytics, a provider of credit risk and capital management solutions to consumer and mortgage lenders. As part of the Interthinx business unit, Strategic Analytics will provide loss forecasting services, the companies say.
The Strategic Analytics application set will allow Interthinx customers to leverage loss forecasting, stress testing and economic capital requirement tools, says Kevin Coop, president of Interthinx.
‘These tools are applicable and are currently deployed in all verticals of consumer lending, including automotive, credit card, student loans, and mortgages,’ Coop adds.
Through Strategic Analytics, Interthinx will offer various mortgage risk analytics products, including its Mortgage Risk Model, which provides retail lenders access to a mortgage loan-level database that Interthinx says incorporates the majority of non-agency loans for the residential mortgage-backed securities market.
Forecasting technology is available to measure origination quality, maturation effects and environmental factors into analytics tests that traditional roll-rate modeling methodologies cannot effectively capture, the companies add.
The acquisition will also provide Interthinx customers access to the mortgage-backed securities/asset-backed securities Securities Forecasting Service, as well as cashflow, conditional payment rate, conditional default rate, and loss severity projections for lenders and investors to price and trade mortgage assets.
SOURCE: Verisk Analytics